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BNP Paribas London Form 8.5 (EPT/NON-RI) xstrata

  BNP Paribas London - Form 8.5 (EPT/NON-RI) xstrata

RNS Number : 0071R
BNP Paribas London
13 November 2012


                                      

                            FORM 8.5 (EPT/NON-RI)

         PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

  EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR
                      WHERE RI STATUS IS NOT APPLICABLE)

                  Rule 8.5 of the Takeover Code (the "Code")

                                      

1. KEY INFORMATION



(a) Name of exempt principal trader:                BNP Paribas
(b) Name of offeror/offeree in relation to whose    Xstrata plc
relevant securities this form relates:
                                                    
 Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which       Glencore International plc
exempt principal trader is connected:
(d) Date position held/dealing undertaken:          12/11/2012
(e) Has the EPT previously disclosed, or is it      Yes
today disclosing, under the Code in respect of any
other party to this offer?                          



2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER



(a) Interests and short positions in the relevant securities of the
offeror or offeree to which the disclosure relates following the dealing (if
any)



Class of relevant security:                           USD 0.5 ordinary


                                                 Interests    Short positions

                                                Number    %     Number    %
(1) Relevant securities owned and/or           3,308,212  0.11    n/a     0.00
controlled:
(2) Derivatives (other than options):          2,466,152  0.08 6,430,181  0.21
(3) Options and agreements to purchase/sell:   17,451,294 0.58 7,931,888  0.27

                                               23,225,658 0.77 14,362,069 0.48
 TOTAL:



All interests and all short positions should be disclosed.



Details of any open derivative or option positions, or agreements to  purchase 
or sell relevant securities,  should be given on  a Supplemental Form 8  (Open 
Positions).



(b) Rights to subscribe for new securities (including directors' and
other executive options)



Class of relevant security in relation to which subscription right exists: n/a
Details, including nature of the rights concerned and relevant             n/a
percentages:



If there are positions  or rights to  subscribe to disclose  in more than  one 
class of relevant  securities of the  offeror or offeree  named in 1(b),  copy 
table 2(a)  or (b)  (as appropriate)  for each  additional class  of  relevant 
security.

















3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales



Class of relevant security Purchase/sale Number of Securities Price per unit

                           
USD 0.5 ordinary           Purchase              398              9.6810
USD 0.5 ordinary           Purchase             1,528             9.6550
USD 0.5 ordinary           Purchase             19,850            9.6500
USD 0.5 ordinary           Purchase             2,487             9.6400
USD 0.5 ordinary           Purchase             1,439             9.6350
USD 0.5 ordinary           Purchase              327              9.6280
USD 0.5 ordinary           Purchase             40,000            9.6250
USD 0.5 ordinary           Purchase              543              9.6230
USD 0.5 ordinary           Purchase              437              9.6220
USD 0.5 ordinary           Purchase             20,000            9.6090
USD 0.5 ordinary           Purchase              840              9.6080
USD 0.5 ordinary           Purchase             1,831             9.6030
USD 0.5 ordinary           Purchase              588              9.5990
USD 0.5 ordinary           Purchase              200              9.5980
USD 0.5 ordinary           Purchase             26,000            9.5963
USD 0.5 ordinary           Purchase             1,010             9.5960
USD 0.5 ordinary           Purchase              191              9.5920
USD 0.5 ordinary           Purchase               79              9.5910
USD 0.5 ordinary           Purchase             7,091             9.5900
USD 0.5 ordinary           Purchase              825              9.5890
USD 0.5 ordinary           Purchase              684              9.5880
USD 0.5 ordinary           Purchase               65              9.5871
USD 0.5 ordinary           Purchase             1,370             9.5870
USD 0.5 ordinary           Purchase             1,108             9.5860
USD 0.5 ordinary           Purchase              704              9.5850
USD 0.5 ordinary           Purchase             2,664             9.5840
USD 0.5 ordinary           Purchase              285              9.5830
USD 0.5 ordinary           Purchase              270              9.5820
USD 0.5 ordinary           Purchase              270              9.5810
USD 0.5 ordinary           Purchase              150              9.5800
USD 0.5 ordinary           Purchase              135              9.5790
USD 0.5 ordinary           Purchase             1,518             9.5780
USD 0.5 ordinary           Purchase              487              9.5770
USD 0.5 ordinary           Purchase              597              9.5760
USD 0.5 ordinary           Purchase             3,501             9.5750
USD 0.5 ordinary           Purchase             3,720             9.5740
USD 0.5 ordinary           Purchase             7,283             9.5730
USD 0.5 ordinary           Purchase             1,557             9.5720
USD 0.5 ordinary           Purchase              459              9.5690
USD 0.5 ordinary           Purchase             31,000            9.5689
USD 0.5 ordinary           Purchase             2,205             9.5680
USD 0.5 ordinary           Purchase             5,063             9.5670
USD 0.5 ordinary           Purchase             2,476             9.5660
USD 0.5 ordinary           Purchase             2,231             9.5650
USD 0.5 ordinary           Purchase              135              9.5640
USD 0.5 ordinary           Purchase              555              9.5630
USD 0.5 ordinary           Purchase              405              9.5620
USD 0.5 ordinary           Purchase              743              9.5610
USD 0.5 ordinary           Purchase            236,135            9.5600
USD 0.5 ordinary           Purchase             1,117             9.5590
USD 0.5 ordinary           Purchase             1,559             9.5580
USD 0.5 ordinary           Purchase              228              9.5570
USD 0.5 ordinary           Purchase              270              9.5560
USD 0.5 ordinary           Purchase              420              9.5550
USD 0.5 ordinary           Purchase              135              9.5540
USD 0.5 ordinary           Purchase              135              9.5520
USD 0.5 ordinary           Purchase              270              9.5510
USD 0.5 ordinary           Purchase             2,673             9.5500
USD 0.5 ordinary           Purchase              405              9.5490
USD 0.5 ordinary           Purchase              945              9.5480
USD 0.5 ordinary           Purchase               85              9.5471
USD 0.5 ordinary           Purchase              200              9.5470
USD 0.5 ordinary           Purchase              135              9.5460
USD 0.5 ordinary           Purchase              135              9.5450
USD 0.5 ordinary           Purchase             1,794             9.5440
USD 0.5 ordinary           Purchase             1,082             9.5430
USD 0.5 ordinary           Purchase              135              9.5420
USD 0.5 ordinary           Purchase              270              9.5410
USD 0.5 ordinary           Purchase             20,135            9.5400
USD 0.5 ordinary           Purchase              285              9.5390
USD 0.5 ordinary           Purchase              270              9.5370
USD 0.5 ordinary           Purchase              135              9.5350
USD 0.5 ordinary           Purchase              135              9.5330
USD 0.5 ordinary           Purchase              135              9.5320
USD 0.5 ordinary           Purchase              594              9.5310
USD 0.5 ordinary           Purchase             2,825             9.5300
USD 0.5 ordinary           Purchase              296              9.5290
                           Total               470,242
USD 0.5 ordinary           Sales                1,039             9.6800
USD 0.5 ordinary           Sales                 800              9.6510
USD 0.5 ordinary           Sales                18,030            9.6500
USD 0.5 ordinary           Sales                 840              9.6470
USD 0.5 ordinary           Sales                 200              9.6460
USD 0.5 ordinary           Sales                 345              9.6450
USD 0.5 ordinary           Sales                1,774             9.6440
USD 0.5 ordinary           Sales                 200              9.6430
USD 0.5 ordinary           Sales                 776              9.6390
USD 0.5 ordinary           Sales                1,087             9.6380
USD 0.5 ordinary           Sales                 647              9.6370
USD 0.5 ordinary           Sales                1,555             9.6250
USD 0.5 ordinary           Sales                2,619             9.6090
USD 0.5 ordinary           Sales                 200              9.6010
USD 0.5 ordinary           Sales                  13              9.5910
USD 0.5 ordinary           Sales                 900              9.5860
USD 0.5 ordinary           Sales                 810              9.5760
USD 0.5 ordinary           Sales                 346              9.5710
USD 0.5 ordinary           Sales                 200              9.5670
USD 0.5 ordinary           Sales                  70              9.5650
USD 0.5 ordinary           Sales                3,324             9.5600
USD 0.5 ordinary           Sales                1,693             9.5580
USD 0.5 ordinary           Sales                 400              9.5570
USD 0.5 ordinary           Sales                3,569             9.5560
USD 0.5 ordinary           Sales                 200              9.5550
USD 0.5 ordinary           Sales                 501              9.5490
USD 0.5 ordinary           Sales                 501              9.5470
                           Total                42,639



















(b) Derivatives transactions (other than options)



Class of   Product              Nature of dealing             Number of  Price
relevant description                                          reference   per
security                e.g. opening/closing a long/short     securities unit
          e.g. CFD       position, increasing/reducing a
                               long/short position
None



(c) Options transactions in respect of existing securities



(i) Writing, selling, purchasing or varying



                      Writing,   Number of             Type                Option
Class of   Product   purchasing, securities Exercise                       money
relevant description  selling,    to which   price     e.g.      Expiry    paid/
security  e.g. call  varying Buy   option   per unit American,    date    received
           option       etc.      relates            European             per unit
                                                       etc.
USD 0.5     Call        Sell       50,000     9.80       E     16/11/2012   4.00
ordinary
USD 0.5     Call        Sell       75,000     9.80       E     16/11/2012   4.00
ordinary



(ii) Excercising



 Class of relevant  Product description      Number of      Exercise price per
     security                               securities             unit
                     e.g. call option
None



(d) Other dealings (including subscribing for new securities)



 Class of relevant       Nature of dealing     Details   Price per unit (if
      security                                               applicable)
                        e.g. subscription,
                            conversion
None



The currency of all prices and other monetary amounts should be stated.



Where there have been dealings in  more than one class of relevant  securities 
of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d)  (as 
appropriate) for each additional class of relevant security dealt in.



4. OTHER INFORMATION



(a) Indemnity and other dealing arrangements



Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the exempt
principal trader making the disclosure and any party to the offer or any
person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"
None



(b) Agreements, arrangements or understandings relating to options or
derivatives



Details of any agreement, arrangement or understanding, formal or informal,
between the exempt principal trader making the disclosure and any other person
relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"
None



(c) Attachments



Is a Supplemental Form 8 (Open Positions) attached?             Yes
        Date of disclosure:             13 November 2012
        Contact name:                   Melanie Rayson and Rachel Burke
        Telephone number:               0207 595 6908 / 0379



Public disclosures under  Rule 8  of the  Code must  be made  to a  Regulatory 
Information Service  and  must  also  be emailed  to  the  Takeover  Panel  at 
monitoring@disclosure.org.uk.



The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.



The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

                                      

                                      

                     SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

                                      

  DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR
                                  SELL ETC.

            Note 5(i) on Rule 8 of the Takeover Code (the "Code")

                                      



1. KEY INFORMATION



Identity of person whose open positions are being disclosed:       BNP Paribas

                                                                   
Name of offeror/offeree in relation to whose relevant securities   Xstrata plc
the disclosure relates:
                                                                   



2. OPTIONS AND DERIVATIVES



           Product   Written or   Number of    Exercise    Type    Expiry date
Class of description purchased  securities to  price per
relevant  e.g. call              which option    unit      e.g.
security   option               or derivative            American,
                                   relates               European
                                                           etc.
USD 0.5      Put        Buy       1,250,000      9.00        A     16/11/2012
ordinary
USD 0.5     Call        Buy        525,000       9.60        E     16/11/2012
ordinary
USD 0.5     Call        Sell        50,000       9.80        E     16/11/2012
ordinary
USD 0.5     Call        Sell        75,000       9.80        E     16/11/2012
ordinary
USD 0.5     Call        Sell       600,000       8.00        E     20/12/2012
ordinary
USD 0.5      Put        Sell        51,636       7.20        E     21/12/2012
ordinary
USD 0.5     Call        Sell        51,636       7.20        E     21/12/2012
ordinary
USD 0.5      Put        Buy         50,000       7.60        E     21/12/2012
ordinary
USD 0.5      Put        Buy        680,000       8.00        A     21/12/2012
ordinary
USD 0.5      Put        Sell        50,000       8.00        E     21/12/2012
ordinary
USD 0.5     Call        Sell        45,095       8.26        E     21/12/2012
ordinary
USD 0.5      Put        Sell        45,095       8.26        E     21/12/2012
ordinary
USD 0.5     Call        Sell        30,000       8.40        E     21/12/2012
ordinary
USD 0.5      Put        Sell        20,000       8.40        E     21/12/2012
ordinary
USD 0.5      Put        Buy        543,000       8.80        A     21/12/2012
ordinary
USD 0.5      Put        Sell        53,000       8.80        E     21/12/2012
ordinary
USD 0.5     Call        Buy         11,000       8.80        E     21/12/2012
ordinary
USD 0.5      Put        Sell      1,250,000      9.00        A     21/12/2012
ordinary
USD 0.5      Put        Buy        570,000       9.20        A     21/12/2012
ordinary
USD 0.5     Call        Buy         83,000       9.20        E     21/12/2012
ordinary
USD 0.5      Put        Sell       750,000       9.20        E     21/12/2012
ordinary
USD 0.5     Call        Sell        35,000       9.40        E     21/12/2012
ordinary
USD 0.5     Call        Buy         1,000        9.60        E     21/12/2012
ordinary
USD 0.5      Put        Buy        253,000       9.60        E     21/12/2012
ordinary
USD 0.5     Sell        Put         20,000       9.80        E     21/12/2012
ordinary
USD 0.5      Buy        Put         17,000       9.80        E     21/12/2012
ordinary
USD 0.5     Call        Buy       1,525,000      10.00       A     21/12/2012
ordinary
USD 0.5      Put        Buy       1,500,000      10.00       A     21/12/2012
ordinary
USD 0.5      Put        Sell       150,000       10.00       A     21/12/2012
ordinary
USD 0.5     Call        Buy        110,000       10.00       A     21/12/2012
ordinary
USD 0.5      Put        Sell       100,000       10.00       A     21/12/2012
ordinary
USD 0.5     Call        Buy         3,000        10.50       A     21/12/2012
ordinary
USD 0.5      Put        Buy        500,000       11.00       A     21/12/2012
ordinary
USD 0.5     Call        Buy        575,000       11.00       A     21/12/2012
ordinary
USD 0.5      Put        Sell       150,000       11.00       A     21/12/2012
ordinary
USD 0.5     Call        Sell       500,000       12.00       A     21/12/2012
ordinary
USD 0.5     Call        Buy        250,000       12.00       A     21/12/2012
ordinary
USD 0.5     Call        Buy        300,000       13.00       E     21/12/2012
ordinary
USD 0.5      Put        Buy        300,000       13.00       E     21/12/2012
ordinary
USD 0.5     Call        Buy         15,000       13.00       A     21/12/2012
ordinary
USD 0.5     Call        Sell        37,000       13.00       E     21/12/2012
ordinary
USD 0.5      Put        Buy        125,000       15.00       A     21/12/2012
ordinary
USD 0.5      Put        Sell        10,000       9.80        E     18/01/2013
ordinary
USD 0.5     Call        Sell        10,000       10.50       E     18/01/2013
ordinary
USD 0.5     Call        Buy         10,000       10.50       E     18/01/2013
ordinary
USD 0.5     Call        Buy         10,000       10.50       E     18/01/2013
ordinary
USD 0.5      Put        Sell        16,000       7.20        E     15/03/2013
ordinary
USD 0.5      Put        Sell        16,000       7.20        E     15/03/2013
ordinary
USD 0.5      Put        Buy         33,000       8.00        E     15/03/2013
ordinary
USD 0.5      Put        Buy         61,000       8.40        E     15/03/2013
ordinary
USD 0.5     Call        Sell        58,095       9.39        E     15/03/2013
ordinary
USD 0.5      Put        Sell        58,095       9.39        E     15/03/2013
ordinary
USD 0.5     Call        Sell        16,000       9.60        E     15/03/2013
ordinary
USD 0.5     Call        Buy         10,000       10.00       E     15/03/2013
ordinary
USD 0.5     Call        Sell        10,000       11.00       E     15/03/2013
ordinary
USD 0.5     Call        Buy         36,000       12.00       E     15/03/2013
ordinary
USD 0.5     Call        Sell        24,963       10.57       E     02/05/2013
ordinary
USD 0.5      Put        Sell        24,963       10.57       E     02/05/2013
ordinary
USD 0.5      Put        Sell        10,000       8.40        A     21/06/2013
ordinary
USD 0.5      Put        Sell        10,000       8.80        A     21/06/2013
ordinary
USD 0.5      Put        Buy         10,000       8.80        A     21/06/2013
ordinary
USD 0.5      Put        Buy        761,000       9.20        A     21/06/2013
ordinary
USD 0.5     Call        Buy         16,000       9.60        A     21/06/2013
ordinary
USD 0.5      Put        Buy         37,000       9.60        A     21/06/2013
ordinary
USD 0.5     Call        Sell       250,000       10.00       A     21/06/2013
ordinary
USD 0.5      Put        Sell       550,000       7.20        E     20/12/2013
ordinary
USD 0.5     Call        Sell       150,000       8.00        E     20/12/2013
ordinary
USD 0.5      Put        Sell       150,000       8.00        E     20/12/2013
ordinary
USD 0.5      Put        Buy        500,000       10.00       E     20/12/2013
ordinary
USD 0.5      Put        Buy        250,000       8.20        E     20/06/2014
ordinary
USD 0.5      Put        Buy         90,000       14.00       A     19/12/2014
ordinary



3. AGREEMENTS TO PURCHASE OR SELL ETC.



Full details should be given  so that the nature  of the interest or  position 
can be fully understood:








It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


FEOMMMMMZFFGZZM -0- Nov/13/2012 12:15 GMT